Servotech Renewable to Invest ₹400 Crore in Haryana — 500 Jobs Expected Under Make in Haryana Policy

Servotech Renewable Power System Ltd. has signed a massive ₹400 crore MoU with the Haryana Government to significantly expand its manufacturing and warehousing operations in the state. The agreement, signed in the presence of Chief Minister Nayab Singh Saini during the launch of the ‘Make in Haryana’ Industrial Policy 2026, is expected to create around 500 direct and indirect jobs.

This move perfectly aligns with Haryana’s push to become a clean energy manufacturing hub and Servotech’s ambition to hit ₹1,500 crore in revenue by FY2027.

📊 Servotech Renewable × Haryana MoU: Key Highlights

The investment will be used to scale up production capacity, improve operational efficiency, and support import substitution. Servotech plans to manufacture advanced EV charging solutions, solar inverters, Battery Energy Storage Systems (BESS), and lithium-ion battery packs — all sectors that are seeing explosive demand across India.

Raman Bhatia, Managing Director of Servotech Renewable, said the partnership reflects Haryana’s progressive policies and will strengthen the company’s operational footprint while contributing to the state’s clean energy goals.

This development is a strong indicator of India’s growing focus on domestic manufacturing of renewable energy and EV technologies. It adds momentum to the clean energy investments we’ve been tracking throughout 2026, similar to the major solar and EV infrastructure projects covered in our Renewable Energy Investment Tracker 2026 and Best EV Charging Companies in India.

For more context on the state’s industrial growth, visit the Haryana page on Wikipedia.

Servotech, previously known as Servotech Power Systems Ltd., has built a strong reputation in the EV charging and solar inverter space. This expansion will help the company better serve both domestic and international demand while creating skilled jobs in the renewable sector.

Conclusion

A ₹400 crore investment with a clear focus on EV chargers, solar, and battery storage is exactly the kind of move India needs right now. Servotech’s expansion in Haryana not only boosts local employment but also strengthens the country’s clean energy manufacturing ecosystem. With the ‘Make in Haryana’ policy gaining traction, we can expect more such announcements in the coming months. This is a big win for both the company and the state.

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